The
IASB’s alternative proposals are also open for comment. Amortised Cost and
Impairment is open for comment until June 30 and Fair Value Option
for Financial Liabilities is open for comment until
July 16.

Separately
on Thursday, the IASB also published the exposure draft Presentation of
items of Other Comprehensive Income (Proposed amendments to IAS
1) that is equivalent to FASB’s proposed ASU,
Comprehensive Income (Topic 220): Statement of Comprehensive
Income, that would require total comprehensive income and its
components in two parts—net income and other comprehensive income—be
displayed in a continuous statement of financial performance. The
IASB EDis
open for comment until Sept. 30 and can be accessed via the “Comment
on a proposal” section at iasb.org.

An
IASB summary and frequently asked questions document detailing the
proposals are available here.

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